Q3 Earnings Estimate for HVT Issued By Telsey Advisory Group

Haverty Furniture Companies, Inc. (NYSE:HVT) – Analysts at Telsey Advisory Group lowered their Q3 2024 EPS estimates for shares of Haverty Furniture Companies in a research note issued on Thursday, October 24th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.47. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.45 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $1.27 EPS, Q2 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.71 EPS and FY2025 earnings at $2.07 EPS.

Separately, StockNews.com cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Friday.

Haverty Furniture Companies Trading Down 0.5 %

Shares of Haverty Furniture Companies stock opened at $23.74 on Friday. The company has a market cap of $385.44 million, a P/E ratio of 8.63, a PEG ratio of 1.46 and a beta of 1.45. The business has a 50-day moving average price of $26.37 and a two-hundred day moving average price of $27.35. Haverty Furniture Companies has a 1-year low of $23.09 and a 1-year high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $178.60 million during the quarter, compared to the consensus estimate of $182.37 million. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s payout ratio is 46.55%.

Institutional Trading of Haverty Furniture Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wulff Hansen & CO. grew its holdings in shares of Haverty Furniture Companies by 2,503.4% during the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after buying an additional 551,108 shares during the last quarter. Millennium Management LLC acquired a new position in Haverty Furniture Companies during the 2nd quarter valued at about $3,161,000. American Century Companies Inc. increased its holdings in Haverty Furniture Companies by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after purchasing an additional 51,302 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Haverty Furniture Companies in the second quarter worth approximately $1,087,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Haverty Furniture Companies by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company’s stock valued at $3,690,000 after purchasing an additional 32,175 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.